North Aurora, IL—60542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Aurora, IL
As of Oct '25, the median home price in North Aurora, IL is $382,000, with a year-over-year change of 3.5%. This indicates that home prices in North Aurora, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $382,000 | 3.5% |
| Single Family | $396,000 | 3.4% |
| Condos | $265,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 4.5% |
3 Bed | $338,000 | 3.4% |
4 Bed | $477,000 | 3.0% |
| 5 Bed | $547,000 | 2.2% |
% of Housing Stock
Rental Trends — North Aurora, IL
As of July '25, Rentcast reports the average rent in North Aurora, IL is $2,190, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in North Aurora, IL is studios: $1,650, 1-bedrooms: $1,820, 2-bedrooms: $2,490, 3-bedrooms: $2,870. The most common rental property sizes in North Aurora, IL are 2-bedroom and 1-bedroom, accounting for 38.9% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,190 |
| Studio Rent | $1,580 | $1,650 |
| 1 Bed Rent | $1,850 | $1,820 |
| 2 Bed Rent | $2,450 | $2,490 |
| 3 Bed Rent | $2,750 | $2,870 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Aurora, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in North Aurora, IL is 24. This is a decrease of -55.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $476,000 | 18.0% |
Listing Count | 69 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 24 | -55.0% |
Demographics — North Aurora, IL
As of the latest ACS Survey released in 2023, North Aurora, IL has a population of 18,700, which has increased by 3.1% over the past 5 years. North Aurora, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 41.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 3.1% |
% Under 18 | 20.8% | -11.5% |
% Seniors | 14.5% | 25.0% |
% WFH | 17.7% | 227.8% |
% w/ College Degree | 41.0% | 8.2% |
As of the latest ACS Survey released in 2023, North Aurora, IL is a predominantly white area, with 69.7% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in North Aurora, IL is hispanic, making up 17.2% of the population. Foreign-born residents account for 12.5% of the population in North Aurora, IL, and this percentage has decreased by 3.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.7% | -3.3% |
% Black | 8.1% | 62.0% |
% Hispanic | 17.2% | 9.6% |
% Asian | 3.6% | -34.5% |
% Foreign Born | 12.5% | -3.1% |
Mortgage and Risk — North Aurora, IL
According to HUD data as of 2023, there were 351 mortgage originations in North Aurora, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in North Aurora, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Aurora, IL
North Aurora, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,850 | $1,750 |
| 2 Bedroom | -$470 | $2,450 | $1,980 |
| 3 Bedroom | -$210 | $2,750 | $2,540 |
| 4 Bedroom | N/A | N/A | $2,990 |
Affordability — North Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $382,000 |
| Median Household Income | $112,000 |